Book Description

Excerpt from Brooks' Foreign Exchange d104 Book: An Elementary Treatise on Foreign Exchange and the Monetary Systems of the World; For the Instruction and Use of the Banker, Exporter, Importer, Tourist and Particularly for the Scholar and Student No doubt many who have become interested in the science of foreign exchange are somewhat discouraged as well as surprised to find so few text-books treating of this science which are of value to the beginner. The few books obtainable upon this subject are either too far advanced for the student or are of such a character as to require too close study to be readily comprehended. While the theory of foreign exchange is quite clearly defined in a number of works upon the subject, the use of technical terms, the absence of proper illustrations or the inability of the writers to impart knowledge has made it difficult for the beginner to understand the various processes through which the results were obtained, and as a result many students have become discouraged at trying to master what seemed to them insurmountable problems, too intricate to be overcome. In presenting this publication the writer has invariably kept in mind the importance of explaining, in simple language, the essential principles of the science and where there seemed any doubt of the clearness of the statements, to supplement same with complete illustrations. While practical experience is necessary in the more intricate operations in foreign exchange transactions, students and junior employes of banks and mercantile houses should experience no difficulty, with well directed study and application, in fitting themselves for lucrative positions in the foreign departments of city banks and mercantile institutions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.